Illinois General Assembly - Bill Status for SB0501

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Bill Status of SB0501 93rd General Assembly

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Short Description: PEN CD-CHGO TCHR-BUY SERVICE

Senate Sponsors
Sen. Debbie DeFrancesco Halvorson - Denny Jacobs

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-116.7 new

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Allows a retired principal who has more than 30 years of service credit and meets certain other conditions to buy an additional 5 years of service credit and have the pension prospectively recalculated. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	The fiscal impact of SB 501 has not been calculated, but is expected to be minor, as the bill would affect a very small number of retirees from the Chicago Teachers' Pension Fund.

Actions

Date	Chamber	Action
2/18/2003	Senate	Filed with Secretary by Sen. Debbie DeFrancesco Halvorson
2/18/2003	Senate	First Reading
2/18/2003	Senate	Referred to Rules
2/26/2003	Senate	Assigned to Insurance & Pensions
2/28/2003	Senate	Pension Note Filed
3/5/2003	Senate	To Subcommittee
3/12/2003	Senate	Added as Chief Co-Sponsor Sen. Denny Jacobs
3/13/2003	Senate	Do Pass Insurance & Pensions; 006-004-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/11/2005	Senate	Session Sine Die

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